Ξ $ETH /USDT – May 16, 2025 Market Update

🏷️ Category: Layer 1

💰 Price: $2,599.59 (▲ +1.27%)

📈 24H High: $2,649.31 | 📉 24H Low: $2,476.03

🔄 24H Volume: 741,664.93 ETH | 💵 USDT Volume: $1.90B

📊 ETH Price Analysis & Key Levels

🔹 Resistance: $2,650 / $2,720

🔹 Support: $2,550 / $2,475

📉 Crypto Market Insights

🔸 Fibonacci Retracement (Low $2,476 – High $2,649):

38.2% – $2,583

50% – $2,562

61.8% – $2,540

🔸 ATR (14D): $145

📉 Expected Swing Range: $2,470 – $2,645

🚀 Bullish Scenario

✅ Holding above $2,562 keeps bullish sentiment alive toward $2,650

✅ Breakout above $2,650 may lead to $2,720 test

⚠️ Bearish Scenario

❌ Losing $2,550 could lead to quick drop to $2,475

❌ Below $2,475, $2,420 becomes the next major support

🎯 Trading Strategy – Mildly Bullish Bias

🛍️ Spot Trading

Buy Zone: $2,550 – $2,580

Targets: $2,650 / $2,720

Stop-Loss: $2,475

📉 Futures Trading

Long Setup:

Entry: $2,560 – $2,585

Target: $2,650 / $2,700

Stop-Loss: $2,480

Short Setup:

Entry: $2,645 – $2,675

Target: $2,560 / $2,500

Stop-Loss: $2,710

🛡️ Risk Management & Alerts

$2,550 is a crucial support line near Fib 50%. Losing it may cause strong volatility.

💡 Unique Insight – VWAP:

VWAP rests at $2,584. ETH trading above it hints at sustained buyer interest in the short-term.

📌 Summary:

ETH edges upward after a rebound from $2.47K zone. $2.65K is a critical level to watch for further upside.

❓Closing Question:

Will ETH bulls break $2,650 and reclaim higher levels, or will bears regain control near resistance?

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